Council Members Present:
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Hart Lambur
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Jonathan Alexander
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Juan Garre
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Demi Brener
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Kubi Mensah
Opening
The Council meeting opened at approximately 1pm (UTC) on May 1, 2026. It was noted that proper notice had been provided to the Council in accordance with the Bylaws. 5 of the Council Members were in attendance and the meeting had a quorum. The Council consented to the appointment of certain third-party notetakers and attendees.
Firewall Update
A member of the Forta Foundation provided a presentation to the Council regarding the status of the Forta Firewall solution since the prior Council meeting. Discussion ensued regarding ongoing user engagements and market conditions affecting certain segments. After all questions were answered to the satisfaction of the Council, it was agreed that the Foundation should continue executing on Firewall in accordance with its mission.
Financial Institutions Segment
A member of the Forta Foundation provided a presentation to the Council regarding opportunities for Forta in the financial institutions segment. Discussion ensued regarding the importance of monitoring, compliance, security and risk management capabilities for participants in this segment as on-chain activity continues to evolve, and the role Forta could play in supporting such capabilities. It was agreed that the Foundation should continue exploring opportunities in this segment in accordance with its mission.
Financial Update
A presentation regarding the operational expenses of the Foundation and its funding efforts was provided to the Council. Following discussion, the Council concluded that the Foundation remained in a healthy position to continue to carry out its mission.
There being no further matters to discuss, the meeting was adjourned.